Pimco's Dan Ivascyn aims to invest like Bill Gross

BenEisen

NEW YORK (MarketWatch) -- The man who was brought in to replace Bill Gross as Pimco's chief investment officer said on Tuesday that he remains committed to the investing practices pioneered by his predecessor. Dan Ivascyn said on CNBC that, "We use the same process we have used for many, many years." In his first television interview since taking over the role from Gross on Friday, Ivascyn added that, "we are very comfortable with existing positioning." At the same time, he said that he would attempt to bring more people in on the decision making at Pimco, the world's largest bond fund manager. "I believe my role is to create an environment that allows for good decision-making," Ivascyn said.

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